CASHe provides Instant Personal Loan to salaried individuals like
yourself, to fulﬁll each and every one of your needs!
Loans are disbursed from 3 months, all the way up to
1.5 years, depending upon your needs.
CASHe ensures that cash is made possible, whenever,
Our loans can be used for many purposes. You can effectively turn your dream into reality by opting for our personal loan. Now you can take that vacation that has been delayed for long, or renovate your home, buy a mobile phone, a dream car or even that two-wheeler. We are there when you need us.
Now you can secure your loans using our Group Insurance Policies which help you protect against job loss and health scare concerns. Be stress free and safeguard your loan liabilities in the case of unforeseen circumstances against any of these events. Get your loan insured now and let us take care of all your worries.
Losing your job after taking a loan is now a fear of the past. The income protect insurance cover is designed to take the weight off of a job loss. Get your loan insured today and leave your worries behind
The Health Protection plan will ensure that loan payments at times of unfortunate events don’t affect you, and focus on what’s most important – your health.
At CASHe, we believe in complete transparency and simplicity in our lending practices. For young salaried professionals who often find themselves in complicated financial situations, this easy-to-use application is the best way to get rid of the tedious paperwork and human interactions. CASHe simplifies your borrowing experience by taking out the complexities involved in taking a loan. Now you can borrow a short-term personal loan within minutes of applying on CASHe.
This section entails all you need to know about personal loans, how they benefit you, and what you need to do to get a loan in minutes. Whether you need a loan to fund your education or pay for your hefty medical bills, trust CASHe to help you meet all your financial emergencies, added with the convenience of applying for a loan from anywhere, anytime.
A personal loan is a type of unsecured loan that helps you meet your current financial needs. It does not require collateral or security and is often offered with minimal documentation. Personal loans are relatively easy to apply for compared to a home or a car loan. That makes them useful for everything, be it for small home improvements to expensive purchases. In order to apply for a personal loan, the applicant is required to have a known source of income (from a regular job) and a good credit history. The interest rate charged on a personal loan is usually higher than other loans as it is an unsecured loan. You can use the money received from a personal loan for almost anything, but it is advisable to borrow only as much as you need—and for things that improve your finances. (See more information on the rate of interest in the section ‘What are the processing fee and interest charges?’ below).
Personal loans are financial products that allow individuals to borrow a set amount of money from a lender, usually a bank or financial institution, and pay it back over a period of time with interest. These are some of the uses of personal loans:
Applying for a personal loan can be a great way to finance your immediate financial emergencies. Whether it is for an unplanned medical condition, or a big-ticket purchase, taking a personal loan helps you overcome these needs. Let us see the top benefits of a personal loan:
Unlike a Home Loan or Auto Loan, which are meant to be used for a specific purpose, the funds you get from a personal loan can be used for any purpose. The lenders usually don’t set any restrictions on the end usage of the funds. You can use the money to fund your dream vacation, renovate your home, or buy expensive furniture for your home.
Subject to meeting the lender’s eligibility criteria and with a good credit score, you can get your loan approved and disbursed typically within a day. Digital lenders like CASHe offer instant personal loans through a smartphone application that offers 100% online application and quick disbursal.
Another critical benefit of taking a personal loan is that you can choose the loan duration per your repayment capacity. Typically, digital lending company CASHe offers loan tenure options ranging from a mere two months to up to 18 months. This gives the borrower a wide choice of repayment plans to choose from.
As personal loans are unsecured in nature, collaterals are not provided for getting a loan. This feature is one of the most important reasons why people opt for a personal loan. Personal loans are unsecured. You need not provide an asset as collateral for getting a personal loan. However, some lenders charge a higher interest rate precisely because it is unsecured.
One of the best things about personal loans in India is that there are numerous types, each one serving a unique purpose. Here are the different types of personal loans you should know about:
CASHe provides unsecured short-term personal loans from ₹15,000 to ₹4,00,000 for loan tenures ranging from 3 months to up to 18 months through a smart, intelligent digital loan app. Its user-friendly interface enables faster loan applications and quicker loan disbursals. The process of applying for a loan is a breeze. The user logs in using his Facebook, LinkedIn, or Google Plus accounts. The next step includes filling in basic details and uploading his identity proof, such as his PAN card, his latest salary slip, and his bank statement, using the app. Once registered, the eligibility is confirmed within minutes, along with the eligible loan amount. The eligibility is calculated using a sophisticated algorithm that mines the borrowers’ mobile and social network and requests basic documentation to arrive at a Social Loan Quotient – SLQ score and a loan eligibility amount. Once the credit is approved, the requested amount is credited to the user’s bank account within minutes. The repayment process is as simple as applying for a loan. The user can directly credit the amount back through bank transfer on the designated due dates.
CASHe charges processing fees starting from ₹500 to ₹1,200 depending on the loan product you are eligible for. Our interest rates are competitive and calculated on a per-month basis for the entire amount. We offer a 2.50% interest rate per month (Equivalent to reducing the balance interest rate to 3.71% per EMI) on the loan amount.
We also offer a 5-day interest-free grace period to pay your EMI at the end of every month. But do note that there is a 0.7% interest fee penalty charged for any subsequent payment delays.
The technology that enables us to deliver an enhanced customer experience is our proprietary AI-based algorithm called the Social Loan Quotient (SLQ). SLQ uses a combination of Big Data Analytics and proprietary Artificial Intelligence based algorithms to evaluate traditional inputs and the user’s digital footprint to measure their creditworthiness. SLQ is forward-looking in nature as it measures a borrower’s propensity to repay based on currently available information, as opposed to traditional credit scoring systems, which deliver a score based only on historical financial behavior. An individual with no history in the Indian financial system but whom our SLQ engine determines has a reasonable propensity to repay can get a loan from CASHe. This is quite unique, and we have successfully could create a large customer base who now enjoy borrowing from CASHe.
Our mission is to deliver honest and transparent short-term financial products to young Indian professionals like you to meet your everyday needs and aspirations. We have created a simple environment for borrowers to avail of these instant personal loans quickly. Unlike banks or other lending institutions, CASHe not only cuts down the usual hassles of paperwork and personal meetings when borrowing cash but also eliminates all human interactions. CASHe has revolutionized the short-term personal loan market in India by creating a one-stop shop for young professionals who can now access credit in an elegant and uncomplicated way. CASHe makes it simple and quick to avail of an online loan with minimum documentation – all done through the app.
The following information illustrates the loan eligibility and disbursal limits
|Loan tenure||In months||Loan eligibility|
|90 days||3 months||Up to 110% of net monthly salary|
|180 days||6 months||Up to 210% of net monthly salary|
|270 days||9 months||Up to 310% of net monthly salary|
|360 days||12 months||Up to 400% of net monthly salary|
|540 days||18 months||Up to 500% of net monthly salary|
Before you apply for an instant personal loan, do check the personal loan interest rates and eligibility criteria on the app. Let us simplify the eligibility in terms of salary and corresponding loan amounts that we offer:
|Salary eligibility||Minimum loan amount||Maximum loan amount|
As mentioned earlier, we charge a 2.50% interest rate per month (Equivalent to reducing the balance interest rate of 3.71% per EMI) on the loan amount. Do contact us for more details or to understand the interest charges in greater detail.
Now that you’ve checked your personal loan eligibility and disbursal limits, here’s a quick checklist of the documents you need to upload for your instant loan application:
Once the documents are verified and approved, we process your online loan and subsequent disbursal is credited to your bank account.
Wondering how much will you have to pay in monthly installments for a certain loan amount you wish to borrow? Download the CASHe App! Just mention the loan amount, tenure, and interest to determine what will be the final amount that needs to repaid and what is the monthly breakdown of the same.
Before you take a personal loan from CASHe, do familiarise yourself with these important terms to help your own understanding of the instant personal loan:
Our range of instant personal loan products carries interest charges that are lower than a credit card. Besides this, we believe in keeping the charges and fee transparent so that you are fully aware of what you are going to pay before you apply for a loan with us. Need a personal loan? Read up on our interest rates and charges before you apply:
|Tenure||Interest per month||APR|
|90 days||₹85 Flat for loans amounting from ₹0 to ₹5,999, ₹500 Flat for loans amounting from ₹6,000 to 33,333, and 1.50% for loans amounting from ₹33,334 to ₹99,999|
|180 days||₹1,200 or 2% of the loan, whichever is higher|
|270 days||₹1,200 or 2% of the loan, whichever is higher|
|360 days||₹1,200 or 2% of the loan, whichever is higher|
|540 days||₹1,000 or 3% of the loan, whichever is higher|
CASHe offers short-term personal loans from ₹1,000 to ₹4,00,000, payable over a period of 3 months to up to 18 months.
About to apply for the loan? Read this first:
As mentioned above, a personal loan can be used for any purpose. Whether you wish to go for a vacation or pay for an urgent medical procedure, a personal loan can see you through any dream or crisis with equal flexibility. Thus, it functions as a marriage loan, home renovation loan, education loan, medical loan, business start-up loan, car/house down payment loan, and so on. These are some frequently asked questions about CASHe personal loans:
Where can I find the CASHe application?
CASHe is available for download on Google Play and the App Store.
What is SLQ (Social Loan Quotient)?
SLQ is India’s first social behavior-based credit rating system for salaried professionals and young salaried millennials.
How soon can I get the loan?
As soon as your correct documents are uploaded and verified, usually within minutes.
Can I change my loan requirement after applying?
We cannot accept changes to the requirement already made. You can make a fresh application after we have closed the earlier one.
Who can apply for a loan with CASHe?
Any Indian citizen residing in India, above the age of 18, with proof of current employment, earning a monthly salary of 15,000 and above, a bank account, a Facebook/LinkedIn account, and valid identity and address proof can use the CASHe app to avail loans.
How much cash can I borrow from CASHe?
With our multiple loan options now available on tap, you can now opt to borrow personal loans starting as low as ₹15,000 to a maximum of ₹4,00,000 with a repayment period of 90, 180, 270, 1 year, and 1.5 years.
What is the minimum monthly income to be eligible for a personal loan on CASHe?
A salaried individual needs to be earning a minimum of ₹15,000 every month in order to be eligible for a personal loan.
Can I repay in EMIs?
Yes, you can.
Why choose CASHe for Personal Loan?
CASHe offers a user-friendly experience where borrowing a personal loan is not a hassle anymore. Given that you can borrow up to ₹4,00,000, you can take care of multiple requirements with that loan amount. What’s more, having a tenure of 540 days (1.5 years) makes it so convenient for an individual to repay the amount on time!
What other services does CASHe offer?
Apart from a personal loan, you can also apply for a credit line, buy now pay later deals, and digital gold on CASHe.
How to improve your chances of getting a personal loan?
One of the best ways to improve your chances is by ensuring you have a good credit score and credit history.
How to get a personal loan statement?
Once you have created an account and secured a personal loan on CASHe, you can check out your profile to download the personal loan statement.
How to avoid rejection of personal loan applications?
There are several steps you can take to avoid being rejected for a personal loan such as checking your credit score and report, comparing lenders and loan products, being honest and accurate on your application, and being prepared to provide documentation.
How to check my personal loan status?
Log into your CASHe account and click on “check personal loan status” to know about the application and disbursal of the personal loan amount.
© CASHe 2020
© CASHe 2019